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Libya: GNA suspends operation licenses for 40 companies including French Total

UN-backed Government of National Accord (GNA) has suspended oil exploration and production licenses for around 40 foreign companies including French multinational Total. The decision confirmed by economy minister Ali Abdulaziz Issawi said the companies’ licenses expired. Total, aerospace company Thales and the telecoms company Alcatel are among firms to be affected by the move, which […]

Tunisia: ‘Tunisia 2020’ forum to revive growth hopes to kick off

Over 2,000 delegates are expected to attend “Tunisia 2020” forum Tuesday dedicated to drum up investments to the North African country unable to fulfil hopes of millions of youth who spearheaded the 2011 democratic revolution. France and Qatar are the main backers of the initiative expected to the attract $30 billion to cover 142 projects. […]

Morocco’s spending on subsidies more than halved in first quarter this year

Spending as part of the compensation fund subsidizing the prices of fuel, wheat, sugar, and butane gas more than halved to 4.5 billion dirhams in the first quarter this year, auguring well for state finances, according to the finance ministry. Subsidies including cash handouts to transport professionals stood at 44 billion dirhams last year due […]